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AAARI
The City University of New York

How to Start a Small Business

An advisor for the New York State Small Business Development Center, Prof. Brian Yeung will discuss some of the basic information future entrepreneurs need to know when starting a small business.

Choosing your business structure – For liability and tax reasons

  • Sole Proprietorship
  • Partnership
  • Corporation
  • Limited Liability Company

Local, state, and federal business regulations – Know the rules of the game

  • Business Formation
  • Business License
  • Business Insurance
  • Employer Identification Number
  • Sales Tax Certificate of Authority

Writing a business plan – Putting your ideas on paper

  • Introduction
  • Marketing
  • Financial Management

Government contracting – SBA helps to increase the small business share of government contracts

  • Minority Business Development -8(a) Program
  • SDB Certification Program
  • CCR Registration

Financing your business – Finding financial assistance programs

  • Loan Guaranty Programs
  • Loan Maturity
  • Use of Proceeds
  • Terms, Interest Rates and Fees
  • Collateral
  • Eligibility

The New York State Small Business Development Center (NYS SBDC)–the premier business assistance organization in New York State–provides expert management and technical assistance to start-up and existing businesses across the state. The NYS SBDC is administered by State University of New York and funded by the U.S. Small Business Administration, the State of New York, and host campuses.

URL: www.nyssbdc.org

Online Notes

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